wiar 12-14-17

Mary FanslauWhat I Am Reading

Dec 14 (Thursday)

Markets
Currency Traders Are Having Their Worst Year Since 2006 (W)
OPEC Oil Output Falls to Six-Month Low but U.S. Fills Gap (W)

Central banks
Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End (B) | FOMC Statement
The Fed’s New Dot Plot After Its December Meeting (B) | SEP
Bond Traders See the Fed’s ‘Third Mandate’ Driving Rates Higher (B)
Janet L. Yellen Finishes to ‘Standing Ovation’ (WP)
Yellen’s only regret as Fed chair: Low inflation (C)

US
U.S. Economic Expansion Could Become Longest on Record (W)
U.S. Consumer Prices Rose 0.4% in November (W)
Nearly 5 Million Americans in Default on Student Loans (W)
Millennials, Gen-X’ers and Boomers Are Still Poorer Than Before the Recession (W)
‘It’s the Grandparents Stealing From the Grandchildren’ (Atlantic)

US politics
Final GOP Deal Sets 21% Corporate Tax, Cuts for Top Earners (W)
Republicans Pivot to a Slightly Less Generous Corporate Cut (BI)
Trump Promises ‘Giant Tax Cut’ and Money in Pockets by February (B)
With Alabama Loss, Trump and GOP Face Political Reckoning (W)
Minnesota Governor Appoints Lt. Gov. Smith to Replace Franken in Senate (W)
Rosenstein Says He Sees No Cause to Fire Special Counsel Mueller (B)

Geopolitics & trade
New Push for Fresh Dialogue With North Korea (W)
From German Faucets to Italian Chocolate, Trade Barriers Are Rising Again in Europe (W)
U.S., Japan Express Concern Over China’s Interest in Saudi Oil Giant (W)

Industries & companies
Autos: Toyota Sees Half of Sales Coming From Hybrids, EVs (W)
Autos: Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’ (B)
Media: Electronic Arts Needs the Force to Awaken Again (W)
Retail: Walmart, Huge U.S. Employer, Will Let Workers Take Pay Before Payday (N)
Retail: Zara Shows Shrinking Profit Margins Despite Sales Increase (W)
Retail: Retailers Still Haven’t Caught Up to Millennials (B)
Tech: How 2017 Became a Turning Point for Tech Giants (N)
Tech: The Economy Grows? Buy Tech! The Yield Curve Flattens? Also Buy Tech! (W)

Corporate finance
Jamie Dimon says tax cut will cause companies to buy back their own stock and that’s not a ‘bad thing’ (C)

Technology
Google, Looking to Tiptoe Back Into China, Announces A.I. Center (N)

Cryptocurrency
Bitcoin: Electrifying Investment, Lousy Currency (W)
Fed chief Yellen says bitcoin is a ‘highly speculative asset’ (C)